Market outlook
of the skid steer loader market in EMEA
Skid-steer
loaders can be fitted with various attachments to perform a multitude of tasks
in construction and mining sites. Technavioa€™s market research analyst has
estimated the skid-steer loader market in EMEA to be influenced by factors like
rapid urbanization and infrastructure development, which results in its
moderate market growth rate of more than 6% by 2019.
The
versatility of skid-steer loaders is a significant growth-driving factor
observed in this market. These loaders are highly maneuverable and can pivot
360 degrees to perform multitude of tasks in addition to their standard
function of loading. Additionally, these loaders can also be fitted with
attachments like an angle broom, backhoe, and auger to perform tasks such as
breaking concrete, trenching, digging, palletizing, vertical lifting, and
hauling.
Geographical
segmentation of the skid steer loader market in EMEA
Europe
Middle
East
Africa
In
this market analysis, analysts have estimated the European region to account
for more than 66% of the total market share by 2019. The replacement of
outdated equipment with energy-efficient, powerful, and low-emission equipment
is expected to drive market growth in this region during the forecast period.
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